Waxahachie Symphony Association Inc

Analysis

Waxahachie Symphony Association Inc is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Waxahachie Symphony Association Inc reported income of $106k and spending of $112k, spending 107% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $89k to $106k (+18%), an average of +18% a year. The sharpest change came in the year to July 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waxahachie Symphony Association Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Isho III Inc ($106k), Sam E Woods Scholarship Fund ($106k) and Minneapolis City of Lakes Rotary Foundation ($106k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.